Mahasagar Travels reported a net profit of ₹39.73 lakh for the fiscal year ended March 31, 2026, a significant increase from ₹18.03 lakh in FY25. The improvement came despite total revenue declining slightly to ₹361.67 crore from ₹368.18 crore in the previous year.

The company has scheduled its 33rd Annual General Meeting for September 19, 2026, at its registered office in Junagadh, Gujarat. Shareholders holding shares as of the cut-off date of September 11, 2026, are eligible to vote on the resolutions.

Financial Performance

The management attributed the rise in profitability to improved cost management and operational efficiency, even as sales faced marginal pressure. Revenue from operations stood at ₹356.40 crore, while other income contributed ₹68.10 lakh. Total expenses were contained at ₹348.03 crore, down from ₹353.58 crore in FY25.

The travels division generated revenue of ₹205.53 crore, while the petroleum division contributed ₹155.94 crore. Finance costs increased to ₹71.02 lakh from ₹44.47 lakh, reflecting higher borrowings. Non-current assets rose significantly to ₹89.92 crore, driven by additions to property, plant, and equipment.

Agenda and Director Reappointment

The primary ordinary business includes the adoption of the FY26 financial statements along with the reports of the Board of Directors and auditors. Additionally, shareholders will vote on the reappointment of Ms. Kavita A. Bachani as a director. She retires by rotation under Section 152(6) of the Companies Act, 2013, and offers herself for reappointment.

Ms. Bachani has served since January 19, 2016. Her expertise covers accounts, finance, business, and marketing. She attended all seven board meetings held during the year. The disclosure notes she draws nil remuneration and holds no shares in the company. She is related to the managing director, Mr. Bhagchand G. Sukhwani, as the wife of his nephew.

E-Voting and Logistics

The company has enabled remote e-voting through Central Depository Services (India) Limited. The voting window opens on September 16, 2026, at 9:00 am and closes on September 18, 2026, at 5:00 pm. Shareholders who cast remote votes cannot vote again at the physical meeting.

The register of members will remain closed from September 12, 2026, to September 19, 2026. The annual report and notice are available electronically on the company website. Members without registered email addresses are urged to update their details with their depository participants or the registrar to receive communications.

Mahasagar Travels Ltd reported a net loss of ₹10.19 lakh for the first quarter ended June 30, 2026 (Q1FY26), marking a reversal from the net profit of ₹15.88 lakh recorded in Q1FY25. Despite a 7.2% year-on-year increase in revenue from operations to ₹1,017.40 lakh, rising finance costs and material expenses pressured profitability. The company’s total comprehensive income stood at a loss of ₹10.19 lakh, with basic earnings per share falling to ₹(0.13) from ₹0.20 in the prior year period.

The Board of Directors approved the unaudited standalone financial results and the limited review report issued by M/s B H Advani & Associates, the statutory auditor, on August 12, 2026. The filing was made pursuant to Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Additionally, the Board approved the appointment of Mr. Pragnesh M Joshi as the scrutinizer for the upcoming 33rd Annual General Meeting (AGM).

Financial Performance Overview

Revenue from operations rose to ₹1,017.40 lakh in Q1FY26, up from ₹949.15 lakh in Q1FY25. This growth was supported by increases in both reportable segments: Tours & Travels revenue grew to ₹541.19 lakh from ₹535.07 lakh, while Petrol Pump revenue climbed to ₹477.61 lakh from ₹419.53 lakh. However, total expenses increased more sharply to ₹1,028.99 lakh from ₹938.72 lakh, resulting in a pre-tax loss of ₹10.19 lakh.

Cost of materials consumed surged to ₹603.41 lakh from ₹407.80 lakh, representing the largest single expense item. Finance costs also nearly tripled to ₹25.38 lakh from ₹7.81 lakh, significantly impacting the bottom line. Other income declined sharply to ₹1.40 lakh from ₹5.45 lakh, further contributing to the profit reversal.

Segment-wise Analysis

The Tours & Travels segment generated a segment result before tax and interest of ₹8.62 lakh, down from ₹17.75 lakh in Q1FY25. The Petrol Pump segment saw its result improve slightly to ₹6.57 lakh from ₹5.94 lakh. However, high unallocated interest costs of ₹25.38 lakh outweighed the combined segment profits of ₹15.19 lakh, leading to the overall loss.

Corporate Actions and AGM Notice

The Board approved the notice for the 33rd Annual General Meeting, scheduled to be held on Saturday, September 19, 2026, at 11:00 AM at the company’s registered office in Junagadh, Gujarat. Mr. Pragnesh M Joshi, a practicing company secretary, has been appointed as the scrutinizer for the meeting. The financial results were prepared in accordance with the Companies (Indian Accounting Standard) Rules, 2015, and SEBI LODR regulations. No provision for income tax was made in the current quarter as per the Income Tax Act, 2025.